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FOX News
Nov 28, 2012 7:00pm PST
where you should get revenue. >> greta: okay. >> by growing the economy. just a couple numbers. already in this meager economic recovery, we've increased revenue to the federal government by $344 billion. if we just return to a normal economy, like we had in 2007, under president bush, where proven was 18.5% of our economy, that would raise another $400 billion per year. the president's proposal right now, the highest estimated is $75 billion, a tenth of that. economic growth is 10 finals more effective at raising revenue. the problem with punishing success, the problem with the president's proposal, it will put that economic growth at risk. you know, i think the best question really is, what is the president's plan? show us your plan. this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it
FOX News
Dec 1, 2012 7:00am PST
, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bi
FOX News
Dec 1, 2012 8:30am PST
they get free government money to pay for it. >> john than what does that do to the economy over all? >> it hurts the economy. any time the government involves in ethanoyl or kid's education or health care or housing it lead toz destruction. the pearl student loan went up five percent. 85 percent of that is held by the government. 10 percent delingquency and goes to 15 or 20 and the taxpayer is is left on the bottom floor. >> julian, you think the government should get out of student loan business. that is rough the payment of debt. >> i think everyone agreed that a college education is critical to the country's competiveness. if you have a college education you are less unemployment and will earn more income. we need to reform the system. we took banks out as middle man and republicans opposed that . we need to cut the waste out. let me finish the point fimay. the law signed will give students flexibility to pay back under the condition they pay back the loans and that is important reform as well tracey is right. the principle issue is whether kids coming out of the college have an
FOX News
Nov 29, 2012 6:00am PST
here. that's where you start to see genuine economic growth sort of perk lating in the economy that would indicate that the job market is strong enough to actually bring down that overall unemployment rate. earlier this fall weekly jobless claims had dipped below that line, right before the election, and now they seem to be creeping above it, 393,000 is the number that we're hat today. it's interesting to note that we're going to get an overall unemployment number coming out. some people think based on this number that that could go back above 8% as well. bill: we were so keane on these numbers and waiting for them to tell us what they would tell us about the economy, and how voters were thinking and feeling and how it would play out in the election. a lot of people are now saying hey man, wrist the attention on the numbers. job number one is how to maybe the economy stronger. guess who is coming to the white house for lunch? >> mr. president you're entitled as a president to your own aeu own airplane and own house but not to your own facts. bill: those are topics that will likely n
FOX News
Dec 1, 2012 4:00pm PST
fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the
FOX News
Dec 5, 2012 9:00pm PST
raising tax rates which we believe will harm our economy. >> all right. this is perhaps the most disappointing development of the day. the house republicans, they were not elected to raise either rates or revenues. they were elected as a check and balance against president obama's reckless deficits and his reckless debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the president now wants to seize control
FOX News
Dec 4, 2012 10:00am PST
care because the tax on capital has a major impact on the economy overall, on productivity growth and, therefore, on standards of living. the way that you have a more prosperous economy, is you need to have incentive to encourage capital formation, to encourage investment, to increase worker productivity -- megyn: what are people going to do with their money? so if i had otherwise invested in stocks and gotten dividends, but now -- because i like getting 15% taxes as opposed to, you know, 40% taxes on them -- what am i going to do with my money now instead of invest it in stocks? >> well, on the margin a lot of people will choose consumption. if you can spend your money and enjoy it today versus having more in the future, anytime you reduce the return on investment, you give people more of an incentive to say, the heck with it -- megyn: well, isn't that good for the economy, consumption? >> well, i don't think so. we've got a real problem with declining business investment, and if you don't have expansion on the supply side, it's hard to have the productivity growth you need to have l
FOX News
Dec 1, 2012 3:00pm PST
reforming the tax code to close loopholes and lower tax rates. that's far better for the economy. >> the clock is ticking. the year is ending. it's really important with tax legislation for it to happen now. we're calling upon the republican leadership in the house to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing for a balanced approach, including spending cuts and new revenues. the president says we could cut taxes for the middle class right now if congress agreed to extend the bush era tax cuts for everybody except those earning more than 250,000 a year. he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a family of four will see their income tax rise by $2,200. we can't let
FOX News
Dec 1, 2012 10:00pm PST
am for this. i believe the creek act will allow dreamers to make a positive contribution the economy. >> the opinions vary as minute as the different cigars they make here in jiminez tobacco. >> bring me back a cigar. >>> coming up. the most ferocious illegal immigrant activist in this country, and then are we scapegoating susan? after this. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >> back live. bipartisan ended because of vehement objections by my next guest, tom sanc redo. welcome. i'm in the studio with three dream act kids. are you willing to concede their point of view won big-time this election and yours lost? >> no. their point of view had nothing to do with the outcome of this election because in fact time after time after time, poll after poll after poll tells us that hispanics in america do not vote on immigration as their primary issue. it's about the seven or eighth thing. it is not important t
FOX News
Dec 6, 2012 1:00pm PST
time when they can be trying to expand or trying to take advantage of global growth in the economy. they are sitting on cash. they won't spend on property. businesses usually budget in october. they still president cay budget. they still can't budget. they will push this into some temporary extension which will mean businesses still can't budget. >> that will be a little more insulting. that is not very heroic. what i ask both sides to do now is just bridge the dog mat particular gaps. stop them altogether and get back to the key areas. elections of consequence will have to raise the top rate, so be it. but i am arguing that democrats get off their high horse about not even addressing entitlements. there has to be a give and take here. the american people have to sense the give and take and the american people have to sense that, and there is nothing remotely resembling that right now. >> here is the ironic thing. what if they get a deal? i don't think it is going to be a good deal. we will see a combination of tax hikes and end anding cuts. and spending cuts. both will take it out
FOX News
Nov 30, 2012 6:00am PST
democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to be a balanced deal. watch. melissa: so right now all eyes are on the white house. the country doesn't need a victory lap, it needs
FOX News
Dec 3, 2012 10:00pm PST
were following and reporting on governor richardson as a steward of the economy here. >> no. that was not what was happening. when was coming out -- what was coming out of the governor's office were figures that were not being honest with the people. >> greta: you must have just about fallen over when you saw the number jump in a period of 24 or 48 hours. >> absolutely. it was a number that i knew we had to deal with. i knew we had to deal with $2 50 million. i guess we'll have to dea do wht the rest of the people are doing is tighten our belts and figure out how to solve the problem. when i was running for office, i was committed to not raising taxes. i was going to balance the budget and make sure that we were not going to raise taxes so that we could really continue to be competitive in bringing businesses to new mexico. grow our economy so that that deficit will never come back again. >> greta: well, a fast way to get money is to cut spending or eliminate waste and grow the economy. growing the economy takes a bit of time. i take it that it was expense cutting because you went to
FOX News
Nov 29, 2012 8:00am PST
and think certain things are better for the economy and the country, they will be in a weaker position to achieve any of those things. but they have to take into the consideration the idea that everybody's taxes will go up january 1st if there is no deal. it is not going to be all on the president's shoulders. in fact most of might be on theirs temporarily and for good. they have to decide what is the better position. and you know, will the president and the democrats offer them something that they really should take, significant spending cuts? some kind of significant entitlement reform? those are kind of things republicans have been after for a long time. even though there would be grumbling about tax increases on certain income level, that is something they could take home and really savor. this depends where it goes, the brinkmanship continues. david drucker from "roll call." thank you. >> thanks a lot. jenna: well now we turnover seas where we have some new information today on what some say could really be a turning point in the syrian uprising. we're learning rebel figh
FOX News
Dec 2, 2012 7:00am PST
americans. >> we think that is a very good set of proposals. we think it's good for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go over the fiscal cliff and whether or not we go over it depends -- is a decision, rather, that lay in the hands of republicans that don't want to increase tax rates. speaker boehner said there is a chance we go over the cliff, but he doesn't want any part of that and he will do everything he can to avert that. eric, jamie? >> eric: peter, negotiations if and when they commence and continue, we'll see what happens. thank you, peter. jamie? >> jamie: well, you will also want -- we're going to talk, actually, to chris wallace and get a preview about that interview. hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00
FOX News
Dec 2, 2012 1:00pm PST
million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do we stand at this point? >> reporter: two sides did do something today. they appeared on the sunday talk shows but they haven't negotiated an actual deal. john boehner blasted the white house plan which was put forward last week. boehner says the president essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: and boehner says he was flabbergasted when he was given the proposal. >> heather: and democrats are defending themselves? >> treasury-secretary tim geithner on fox news defending the president's plan for raising revenues, cutting spending and reduce the deficit by $4 trillion over the next ten years. he said
FOX News
Dec 2, 2012 3:00am PST
given the world today and the other economies do we have a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification
FOX News
Dec 3, 2012 6:00pm PST
immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and these new jobs and new salaries can create other jobs and other salaries. >> right. that is the message that president obama needs to hear. unfortunately, there's growing evidence to indicate that he's not interested in striking any deal at all. now, he may, in fact, want us to all go over the fiscal cliff. after all, he would be able to point the finger of blame at the republicans to get all the tax hikes he wants, all the defense cuts he's always wanted and some democrats are stating flat out they want to go over the fiscal cliff. watch this. >> i personally think you'll get a lot more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand
FOX News
Nov 30, 2012 2:00pm PST
be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers plan for cliff. plan to be in quotes. the
FOX News
Dec 1, 2012 9:00pm PST
might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher. >> do you agree with that. >> your taxes go up anyway because obama care kicks in on january 1st. there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlements which was the headline in the jumper. meanwhile, the republicans have the biggest hammer available. when barack obama went out, he went out and overreached. this idea that he should set the debt limit.
FOX News
Dec 1, 2012 9:00am PST
$2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and come home and take care of business. the latest round of political maneuvering involves pressure from democrats to schedule a vote on the senate plan to extend middle class cuts. but republicans say let's see spending cuts first. >> we need to hear they are willing to make spending cuts now. not promises in the future . the tidal waves comingalt us is social security and medicare and of course, the new health care law of the presidents which is unaffordable and unworkable. >> nancy peel peel calling on speaker boehner to bring it to the floor or she will launch a move to force a vote. boehner is not likely to buckle and pelosi's maneuvering will not do much either. speaker boehner said we are at a stalemate. pat buchanan is joining us in the studio. >> thank you. >> i am glad to have you here. do you think that the president wants to have any real negotiation or is it a show to say if republicans stand up to him, he can a
FOX News
Dec 6, 2012 3:00pm PST
economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim spending. >> you are going to keep the debt limit goes higher and you're spending money. you and congress. >> president signed in law, $1 trillion in spending cuts. there is a specific proposal to achieve $600 billion in savings from our entitlement programs. including our healthcare entitlement program. jay carney went so far to compare republican pressure on debt creeling to hostage taking. >> this is a profoundly bad idea that i think could not be more frightening for american businesses. and american workers. >> of course, treasury secretary geithner it go may have also frightened people yesterday. by telling cnbc the white house is prepared to go
FOX News
Dec 2, 2012 12:00pm PST
up side is for the president if the economy slips into a recession. we are talking about 2013 having no growth. >> it would be horrible. >> yeah. so it's a little hard to see what the game is. as kim was mentioning, the president wants these tax increases. it seems to me we will go through this sort of scorpion dance the rest of the year. what did the president campaign on? what was the one thing i think most people would say that he campaigned on? that was raising tax rates on the wealthiest, the two top rates. that's the thing that i think is on the table. and the -- >> but the republicans put that on the table. >> the republicans have put that on the table. >> at least through deductions. debate the rates or deductions. but they are willing to put it on the table. the question is what do the president give the republicans in return, if anything? >> i think that's what the republican position should be. say we have committed to what you campaigned on. if you are not willing to talk about reducing spending, then we aren't going to be able to do a deal with you, and i think that puts
FOX News
Dec 5, 2012 3:00am PST
the president's stance on taxes and goal with the economy and maybe what he will say in the inauguration. look who was invited to the white house >> chris: who was left to run msnbc. >> happy and ed and arihanna huffington. i don't know if the white house released the fact. but someone from the blog sites saw it. and so wait a minute what is going on. yeah, we were invited for not a strategy but just to explain. >> gretchen: i don't know why anybody. >> brian: five talk show hosts in from the same channel? that is outrageous. >> gretchen: it might be outrageous. i am not surprised by it at all. that's the message . that station is delivering the message of this administration. it makes sense. >> steve: that particular channel that's all they would do. it would be nice to see somebody from cbs or nbc or fox news channel. >> brian: it is incredible. >> steve: what do you think that the president's people invited the way left people to a sit down there at the white house. e-mail at folks news.com. >> brian: the president will not talk to republicans unless they agree to raise r
FOX News
Dec 3, 2012 10:00am PST
the potential climate deal that could have an impact on our economy. talks are going on about a climate treaty that could supersede current u.s. laws in some ways and impose mandatory limits on carbon emissions. president obama failed to get a cap-and-trade will pass in his first term. is he quietly planning a new carbon crackdown through other means? joining me now is lou dobbs, host of "lou dobbs tonight" on the fox business network. that was one agenda item he could not get through. cap and trade. even when the democrats controlled the house as well, they just couldn't get that through. what would he be doing through the united nations and he could do through the u.s. congress? lou: the efforts that he is undertaking here, so little is known about what we are discussing in qatar, at the meeting of the united nations we are talking about laying out a mission schedule through 2035. without any public discussion, there is nothing about it than a presidential debate, as you know. this could have a mammoth effect on this economy. we are talking about tax levels and also significan
FOX News
Dec 6, 2012 1:00am PST
because i thought florida would go for mitt romney based upon the economy primarily but romney spent a lot of time and money there. but what did the -- what message that the president brought to florida sueded for him? >> i'm not sure if it's the president's message. it's the message that we need to do a better job as a movement. not just the republican party. those who believe in limited government and preenterprise have to do a better and more consistent job of explaining to people why free enterprise is better for them. >> bill: elected you in florida. they elected governor scott. both of you guys are conservative smaller government people. this is why it's so confusing. because you elect you. you elect scott. now they did elect liberal senator there and they're all over the place. i just don't know why florida, virginia, ohio, colorado -- colorado, i kind of know. why the republican message didn't resonate. i don't understand why the republican message did not resonate in those states. >> well, i can't speak to those other states in detail but i can tell you about florida t
FOX News
Dec 4, 2012 7:00pm PST
spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >> i'm glad santorum is handling the difficult qu
FOX News
Dec 4, 2012 9:00pm PST
just fixated on increasing tax rates even though they may hurt the economy and i'm concerned if we go over the cliff, that what we're going to see is unemployment back above 9% and we'll see, you know, a country where we're in a second recession. >> all right. the senator is absolutely right. what we heard from president in recent days amounts to nothing more than con descending lectures. in fact, he sounds like the same hyperpartisan canada that we saw on the campaign trail, you know, the one that worked tire leslie to demonize success. the president appears to have a out right unhealthy fixation on increasing taxes regardless of the consequence and bring on the fiscal cliff. he says who cares if we spiral into another recession. if unemployment goes back up to 9%, that's not the president's problem because in his mind if that happens, he'll have yet another golden opportunity to wash his hands of all of his failures and then arrogantly blame the republican party. to make matters worse, we're learning today that president obama is a far cry away from waging this battle by his lone
FOX News
Dec 3, 2012 1:00pm PST
weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. w
FOX News
Dec 2, 2012 9:00pm PST
business, because of what's goingn with our economy, that really tears my heart up. tax me, i don't care. >> you don't care if you pay more taxes. >> i pay hugh month -- the more money the congress gets, the more may they -- >> i got to see it doing some good. you have a foundation, i have a foundation. we give a lot of money privately to charity wes know, like the wounded warriors, we know they do -- chuck, thanks for coming. >> thank you, bill. >> would you call yourself a consecutive now? >> i've been conservative. on -- because of the position that we're in right now. >> financial position. >> certain financial, and i always said if you're going to wear the badge that we've earned of sheriff of the world. then you better act like wyatt earp. >> that puts you in aminority in hollywood. there aren't some actors they say they're conservative, they won't work. >> being a hypocrite here because i don't like when actors talk politics. >> we never hear you talk politics. >> i don't but i'm on the o'reilly show. >> why don't you like actors that talk about politics. >> because they haven't g
FOX News
Dec 5, 2012 12:00pm PST
to the economy? >>reporter: some of the damage never will be truly known because of the small businesses affected, the drivers that would have been here and stopped for lunch or breakfast and the drive across country would have stopped. there are some ships here but there are docks not totally full and a lot of empty ships, and they will be loaded today. a lot of them have been unloaded. the mayor here says no matter what happened, this was expense i. >> this cost the country about $8 billion, somewhere in the neighborhood $8 billion and 10,000 people were out of work but we shot a deal. people are going back to work. that is the good news. >>reporter: the big stores in the larger locations could get stuff late you forget there are a lot of smaller people, the guys at the smaller produce market would may have lost money. their stuff was sitting offshore or waiting to be loaded on and sat here for eight days. >>trace: thank you, adam. the millionaire software company founder wanted for questioning in a murder is now showing his face again. john mcafee has shown up in guatemala.
FOX News
Nov 29, 2012 10:00pm PST
game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how gutless is it to blame the people who are still working in this country? >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is liberalism. >> asking for a political price to be paid in order congress to do its job, to ensure that the united states of america pays its bills, does not default for the first time in its history is deeply irresponsible. >> how gutless is it to blame them for the problems that exist in this country? >> their interested in wealth destruction. the country doesn't need a victory lap. it needs leadership. >> president obama had said that he has pen in hand, he's prepared to sign the middle class tax cuts. >> i think it's important congress act now, i mean right now. >> they're still not paying they're fair share? the people working have to pay even more in order to cover the incompeten
FOX News
Dec 2, 2012 12:30pm PST
economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part of the discussion and it's now morphed into the tax increase and democrats lo
FOX News
Dec 2, 2012 3:00pm PST
economy. if they have different suggestions and want to go further in some areas, they should lay it out to us. >> you say they are in a hard spot, what do you mean? >> they are trying to figure out how to find a way to support things that they know they are going to have to do that will be very hard for them. you've heard them for the first time in two decades now acknowledge that they are willing to have revenues go up as part of the balanced plan. that's a it good first step but they have to tell us what they are willing to do on rates and revenues. and they have to tell us on the spending side if they want to go beyond where we are or do it differently and they have to tell us what makes sense to them. what we can't do, chris; try to figure out what works for them. >> the president campaigned for re-election on the idea of a, quote, balanced approach, end quote, to deficit reduction. a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them this week. >> i can tell you what i presented if it would be helpful. >> let me ask you. >
FOX News
Dec 2, 2012 6:00pm PST
on with our economy, that really tears my heart up. >> tax me. i don't care. >> you don't care if you pay more taxes? >> i pay a hue mownineying gus amount -- humongous amount of taxes. >> so do i. >> you do, too. >> if it would help i wouldn't mind it. the thing is it will not help. the more money congress gets the more they spend. >> i have to see it is doing some good. you have a foundation i have a foundation. we give a lot of money privately to wounded warriors fisher house the people we know do good. >> chuck thank you for coming. good to see you beguagain. >> thank you, bill. >> would you call yourself a conservative now? >> i have become conservative because of the position we are in right now. >> financial position things like that. >> certainly financial. i have always said you are going to wear the badge that we wear, the sheriff of the world. act like wyatt earp. >> that puts you in a minority in hollywood. >> there is a fear out there with some actors who aren't as accomplished as you are afraid to say they are conservatives. >> i don't usually talk politics. i am on
FOX News
Dec 4, 2012 4:00pm PST
is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him
FOX News
Dec 2, 2012 4:00pm PST
scared a plunge over the cliff could send the economy falling back into recession. those worries sent stocks falling. the s & p down two straight weeks after the election, even though it has made up four of the 5.3% loss, whenever there was a glimmer of a hope of a deal, headed up. and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely overshadow even that. and with tax increases looming on capital gains and dividends, investors may start selling before the end of the year to get the better deal if there is no deal. that means, december may not live up to its history of heading higher and leave many questions about what the new year will mean for your bottom line. harris, back to you. >
FOX News
Dec 3, 2012 6:00am PST
days until the nation's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal resp
FOX News
Nov 28, 2012 1:00pm PST
speaker boehner. >> i told tom i disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs
FOX News
Dec 5, 2012 3:00pm PST
. the country plays the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own
FOX News
Dec 1, 2012 8:00am PST
? >> for the sake of the over all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidenc
FOX News
Dec 2, 2012 8:00pm PST
. [ applause ] all right. instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spending under control especially when you understand that we have ha and
FOX News
Nov 29, 2012 2:00am PST
years. why is that? >> the economy is getting a little better. cyber monday was a new record. the big et cyber monday on record. they are beginning to open up their wallets. they are saving their cash for years now spending. >> or using credit cards a lot. let's get to the companies. >> ups you know this one. the global package delivery company. there are several things you can do and they are hiring through december 8th. they have 55,000 seasonal jobs available. 525 million packages will be shipped between now and christmas. packaged loaders unloaders, 8.50 an hour. >> 55,000 jobs that's a lot. >> sterling jewelers. >> i love this one. mostly mall based jewelry companies. this is kay and jared. they own both chains. they have full-time positions across the nation. they have 1300 plus more across the country. you don't flooefd why yous jewelry experience. they will train you about cut and clarity and color the size and different shapes. they will train you and put you into the store the. >> is it an hourly salary? >> it is a base salary but you also do get commission. these jobs are more
FOX News
Nov 29, 2012 3:00pm PST
. that is well below the 4.5 to 5.5 predicted for holiday season. the economy grew at 2.7% in the third quarter better than the figure announced. the dow was up 37. the s&p 500 gained six. nasdaq finished ahead 20. syrian rebels struck a major blow in the heart of the government today killing a top ruling of the party in a car bombing and someone is cutting off internet and cell phone communication in syria in certain areas. both sides pointing fingers at the others. all of this as decision-maker in washington try to make a decision on how involved the u.s. should be. we get the latest tonight from correspondent connor powell in jerusalem. hello, connor. >> forces loyal to bashar assad show a city of aleppo while rebels filed mortars at the damascus international airport causing damage to the runway to force several airlines to cancel their flight. >> the assad regime air superior over the syrian rebels appears to be disappea disappearing. in the past 24 hours they shut down two helicopters. rebels used the antiaircraft guns to shoot down the helicopters in the past. but now they have a
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